PEGAS volumes increase 45% year-on-year

PEGAS volumes increase 45% year-on-year
PEGAS trading volumes in March 2016

Paris, Leipzig, 1 April 2016 – The pan-European gas trading platform PEGAS registered a total volume of 133.1 TWh in March 2016, exceeding the volume traded last year by 45% (March 2015: 91.9 TWh). The increase was driven by volume increases on the spot market with 56.8 TWh (March 2015: 41.2 TWh) as well as on the futures market with 76.3 TWh (March 2015: 50.7 TWh).

 

Spot Markets

Spot trading volumes in March reached 56.8 TWh, representing a year-on-year increase of 38%. Trading for the market areas TTF and NCG once again contributed for a large part to this development. On TTF, 16.3 TWh were traded which represents a growth of 73% compared to last year while the NCG volume registered a total volume of 20.9 TWh (+49%). The German GASPOOL area registered 6.0 TWh in March. Trading of quality-specific spot contracts for Germany reached 14.4 TWh. The French PEGs added a volume of 12.0 TWh to the total spot volume, which represents an increase of 18% compared to the previous year. In March, a volume high was achieved on the Belgian ZTP/ZTP L at 1.6 TWh. Furthermore, spread transactions amounted to 1.9 TWh.

 

Derivatives Markets

In March, the PEGAS derivatives market registered a year-on-year increase of 51% with 76.3 TWh. The Dutch TTF futures market was the major driver of this growth with a volume of 64.9 TWh. Trading in the German NCG and GASPOOL delivery areas reached 4.5 TWh in March. Trading volumes on the French PEG Nord and TRS market areas were slightly higher with 4.9 TWh. Clearing via trade registration reached 12.5 TWh while the total volume of spread transactions amounted to 4.3 TWh.

Details on the natural gas results are available in the enclosed monthly report.

 

PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.pegas-trading.com

 

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